The Big Green Heist: The largest, most expensive and deceptive case of crony capitalism in American history…

Tuesday, May 22, 2012

BREAKING: NRG Energy on the DOE Cronyism Hot Seat, Also Tied to George Soros

I have been "following the green-energy money" (close to $100 billion dollars) since the passing of the 2009 stimulus package...And, early this morning –– a subscriber of The Washington Free Beacon, one of the few that has their eye on Green Cronyism –– I found this headline, Bundler of Sunshine: Obama Bundler's Husband Has Received More Than a Billion in DOE Solar Loans.

Yep, NRG snagged two major DOE loans that by the way, were on the "Junk bond" portfolio that I had written about last month –– NRG with two green projects:

NRG acquired the Agua Caliente Solar Project from First Solar on August 5, 2011, as DOE announced the loan. First Solar is a Goldman Sachs investment, and Goldman Sachs –– #2 top Obama 2008 donor with two Bundlers and other donors–– has their DNA all over "green!"

And, as revealed by The Washington Free Beacon, "the multiple DOE loans did not stop NRG Energy from reporting a first-quarter 2012 loss of $206 million." "Even so, NRG has recently expanded its operations..."

However, NRG has many, or are connected to green projects that are being funded by taxpayer green cash.

NRG Energy is part of a project dubbed Project Amp, which in September 2011 received a partial DOE loan guarantee for a whopping $1.4 billion. As reported by Forbes last June, Project Amp will be built over four years and financed by Bank of America
Merrill Lynch and owned by industrial real estate firm Prologis. NRG
Energy will invest in the first 15-megawatt phase of the rollout with an
option on the remaining phases. Also, Project Amp’s application was submitted by the lender-applicant, Bank of
America Merrill Lynch, under the Financial Institution Partnership
Program (FIPP). Keep in mind that Project Amp was also on the "DOE junk bond portfolio" with a BB rating by Fitch in Sept 2011.

"NRG Energy is building an engineering marvel... The project (set between LA and San Francisco) is a compound of nearly a
million solar panels that will produce enough electricity to power about
100,000 homes," whereas "taxpayers and
ratepayers are providing subsidies worth almost as much as the entire
$1.6 billion cost of the project.

In fact, according to The Boston Globe November 2011 piece,Clean energy projects powered by massive subsidies –– "NRG, along with partners, ultimately secured $5.2 billion in federal
loan guarantees plus hundreds of millions in other subsidies for four
large solar projects."

Also, according the Green Street Journal in October 2010, "NRG Energy, Inc. (NYSE: NRG), through its wholly owned subsidiary, NRG Solar, executed a letter of intent to partner with BrightSource Energy
to construct, finance, own and operate the largest solar thermal project
in the world, the 392-megawatt (MW) Ivanpah Solar Electric Generating
System in southeastern California’s Mojave Desert. NRG Solar plans to
become the lead investor in Ivanpah, investing up to $300 million over
the next three years." This is the same project that belongs to BrightSource Energy –– complete with a long list of meaningful political tiesthat I exposed just last week in another BREAKING story –– was also on the "DOE Junk bond portfolio" (BrightSource Energy, Inc with three projects; two Rating BB+ by Fitch and the other Rating BB by Fitch; Apr 2011) that snagged a whopping $1.6 billion taxpayer funded "bailout," and is also expected to receive
Treasury grants once the project is complete.

With over eleven projects listed at NRG Solar alone, and NRG Energy with over 50 "Generation Assets" across the nation that not only include solar, but also natural gas, wind, coal, nuclear, and oil, the full count of government subsidies that have gone to NRG Energy are probably still unclear. As a Citizen Watchdog, this is what I have uncovered at this time, however, the political connections are damaging to the Obama administration.

GEORGE SOROS
While Patrick Howley notes the following meaningful political connections: Arie Few –– 2012 Obama Bundler, and her husband Jason Few, Executive Vice President and Chief Customer Officer of NRG Energy and President of Reliant as well as Warren Buffet's (an Obama buddy) stake in NRG Energy, he missed the other BIG GREEN FISH in this green-energy scheme, George Soros...

Soros –– a 2008 Obama Donor through Soros Fund Management was #15 on the Obama's Top 20 Contributors to Obama's Campaign Cmte and Leadership PAC. Most damning is the fact that Soros is connected to many companies that benefited from the 2009 Stimulus package that HE helped craft, including alternative energy. The big green winners that I tracked are American Electric Power AEP (Soros bought 1.5 million shares) and NRG Energy (Soros bought 500,000 shares of NRG Energy).

Billionaire George Soros gave advice and direction on how President
Obama should allocate so-called “stimulus” money in a series of regular
private meetings and consultations with White House senior advisers even
as Soros was making investments in areas affected by the stimulus
program.

It’s just one more revelation featured in the blockbuster new book that continues to rock Washington,Throw Them All Out, authored by Breitbart News editor Peter Schweizer.

Mr. Soros met with Mr. Obama’s top economist on February 25, 2009 and
twice more with senior officials in the Old Executive Office Building
on March 24th and 25th as the stimulus plan was being crafted. Later, Mr. Soros also participated in discussions on financial reform.

Then, in the first quarter of 2009, Mr. Soros went on a stock buying
spree in companies that ultimately benefited from the federal stimulus.

Soros doubled his holdings in medical manufacturer Hologic, a company that benefited from stimulus spending on medical systems

Soros tripled his holdings in fiber channel and software maker
Emulus, a company that wound up scoring a large amount of federal funds
going to infrastructure spending

Soros bought 210,000 shares in Cisco Systems, which came up big in the stimulus lottery

Soros also bought Extreme Networks, which, months later, said it was
expanding broadband to rural America “as part of President Obama’s
broadband strategy”

Soros bought 1.5 million shares in American Electric Power, a company Mr. Obama gave $1 billion to in June 2009

Soros bought shares in utility company Ameren, which bagged a $540 million Department of Energy loan

Soros bought 250,000 shares of Public Service Enterprise Group,
500,000 shares of NRG Energy, and almost a million shares of Entergy—all
companies that came up winners in the Department of Energy taxpayer
giveaway that produced the Solyndra debacle

Soros bought into BioFuel Energy, a company that benefitted when the EPA announced a regulation on ethanol

Soros bought Powerspan in April 2009. Just weeks later, the
clean-energy company landed $100 million from the Department of Energy

In the second quarter of 2009, Soros bought education technology
giant Blackboard, which became a big recipient of education stimulus
money

Soros also bought Burlington Northern Santa Fe and CSX, both beneficiaries of Mr. Obama’s plans for revitalizing the railroads

Soros also bought 300,000 shares of Constellation Energy Group and
4.6 million shares of Covanta, both of which landed taxpayers’ money
through the stimulus, the former of which bagged $200 million

Also, Soros (and Warren Buffet) stand to benefit from
“rejection of the Keystone Pipeline” as well as the Nat Gas Act. Plus, "President Obama recently (to expedite this natural gas boom)
decided to form an interagency natural gas council run by Cecilia Muñoz, a former community organizer with La Raza and White House
bureaucrat with deep ties to George Soros."

In fact, Bank of America/Merrill Lynch is heavily invested in "green" (BAML Renewable Energy Finance) and through their Renewable Energy Finance section, we can confirm NextEra Energy is part of their "wind energy assets" -- Deals and Transactions. NextEra Energy, of which the CEO Lewis Haysits on Obama's Job Council, was a huge DOE winner of two large solar loans: $852 million and $1.46 billion, both of these projects were also on the "DOE Junk bond portfolio."

There are more BofA/Merrill Lynch green investments, one in particular,"A $1 billion plan to put solar
panels on 160,000 U.S. military-base homes was collapsing in
September after a $344 million U.S. Department of Energy loan
guarantee fell through. Bank of America Corp. (BAC)stepped up to finance the effort headed by SolarCity Corp"–– the same Green Corporation, complete with meaningful political ties like Google,who back in June 2011 invested, a Top 2008 Obama Donor. However, in the wake of the Solyndra Saga, the DOE loan was "rejected" / "rescinded" At any rate, that was as of September 2011 –– after all billions of dollars in "green subsidies" have been rapidly doled out by various government agencies, the majority going to Obama and Democrat Cronies!

April 17, 2016: Found on the DRUDGE REPORT... Kind of

2015: Christine in DC, Hanging with President Lincoln

TWITTER

The Mission: FOLLOW THE MONEY (The Green Cash)

The Big Green Heist

It all began in late 2009 when Christine Lakatos was hired to contribute to the political book, Killing Wealth, Freeing Wealth How to Save America’s Economy and Your Own, that was authored by Lee Troxler and Floyd Brown and released May 2010.

Alarmingly, our environment has been hijacked by uber-rich individuals, crooked politicians, and an assortment of left wing extremists who are fueled by greed and power attached to a radical agenda to bring about “global governance,” “redistribute the wealth,” and put the progressive movement –– big government, social justice and the death of capitalism –– on the fast track. Under the guise of “saving the planet,” these players, who are all interconnected in a variety of ways, are transforming our climate into something more sinister –– a scam of epic proportions.

Since that time, we've unearthed THE BIG GREEN HEIST (green energy movement / climate change hysteria), which is costing U.S. taxpayers hundreds of billions of dollars, is all about about Power and Profit –– NOT "Saving the Planet."

Please review the side panel for "sightings" of this intense and important work...-cCitizen Investigative Journalist

2012: Marita Noon and Christine Lakatos: On the Air exposing...

Marita Noon: Green-Energy Crony-Corruption Scandal...

April 2016: The GCF listed at

EcoFascism

Environmentalism is Fascism

The Online Enviro-critical Community

By William Kay

Enviro-Critical and/or Climate-Sceptical Websites

(About this List)

Dozens of the website producers have hard copy books on the market and several websites are entirely devoted to advertising recently published books. Presumably all bloggers would welcome greater success in the conventional publishing and media realms, but obscure sites such as Green Corruption Files and No Tricks Zone often make for the most interesting reading.

May 27, 2013: @ the EU Times

May 25, 2013: @ American Free Press –– Noon and Lakatos Interview

February 15, 2013: Cited @ Townhall.com

Report: Frickin’ Fracking Could Ruin Everything for Leftist Activists / by John Ransom,

February 2013: Also found @ The Heartland Institute

Wall Street Walks on the White House / by Marita Noon

January 6, 2013: @ FrontPageMag.com (August 2012 Abengoa Research)

Top Dem Steered $150 Million in Govt Loans to Spanish Company / By Daniel Greenfield

December 2012: Found Inside The Limbaugh Letter

December 2012 Issue / Page 14

Rush Limbaugh "The Other Obama Scandals"

Green Corruption Inside

December 2012 Issue

Green Graft:

Fifty failures, Green Corruption blog lists a total of 50 Obama green-energy busts: 23 bankrupt and 27 teetering. As of 10/23/12, at least $15 billion in "green" taxpayer money is either going or gone, most funneled to Obama Democrat cronies.

November 13, 2012: GCF at Patch Media

"Why I'm Breaking Up With Wegmans," By Laura Freed

November 6, 2012 @ Natural News

Widespread bankruptcy of Obama-backed green energy companies continues as state of economy worsens

October 16, 2012: @ Real Clear Energy

July 23, 2012: Cited by PJ Media

April 2012: Green Corruption: Department of Energy “Junk Loans” and Cronyism, Part One

"Extraordinary in-depth expose' of the incredible extent of the green energy scandal. It goes so far beyond Solyndra that you'll be shocked." April 26, 2012 Dave Nalle, Chair of the Republican Liberty Caucus; Edior at Blogcritics Magazine

Green Corruption started in the summer of 2010...

...since late 2009, we've been following the green energy money, and while this blog was launched in 2012, I began unleashing my findings in the summer of 2010.

Alarmingly, our environment has been hijacked by uber-rich individuals, crooked politicians, and an assortment of left wing extremists who are fueled by greed and power attached to a radical agenda to bring about "global governance," “redistribute the wealth,” and put the progressive movement –– big government, social justice and the death of capitalism –– on the fast track. Under the guise of “saving the planet,” these players, who are all interconnected in a variety of ways, are transforming our climate into something more sinister –– a scam of epic proportions.

April 2012: Lakatos: The Obama “Green” Corruption—Dollar by Dollar

"Finally, someone has done the job of itemizing the massive transfer of your taxes to Obama cronies, donors and Democrat party supporters. Now that we can see it, we find most of the firms that received tax dollars were poor investments BEFORE the money was given them. For example:

March 31, 2012: The Daily Caller Excerpt...

Even more damning allegations, which suggest that former Obama administration officials and campaign bundlers received a sizable share of those federal funds, are now surfacing.

Christine Lakatos, a researcher and conservative writer who has followed the emerging scandals for several years at the blog Green Corruption, told TheDC the administration is engaging in “crony capitalism with ‘green’ dollars.”

Lakatos claimed the scandal goes deeper than Rep. Issa and his investigators have detected. She said companies linked to contribution “bundlers” from President Obama’s 2008 campaign received about 80 percent of the “green energy” loans made by the Energy Department during the last three years.

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About Me

I am THE Green Corruption Blogger-- check it.
I'm a Christian, mother of two awesome daughters, a Conservative, and I love animals. My REAL job is fitness expert, and I have a self-published diet book for women and young girls called My Diva Diet, and I'm in the process of developing the Super Fit KIDS USA Cartoon.
Lastly, I'm a retired bodybuilder and fitness competitor, and back in 1990 I was a contender on American Gladiators, and I have the YouTube clip to prove it -- By A Hair